00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Federal Reserve Chair
00:04Jerome Powell declined to say whether he will remain on the Federal Reserve Board after his
00:09term as chair ends in May, according to CNBC. Powell will have two years remaining as a governor,
00:15but he has repeatedly avoided answering whether he plans to stay.
00:20The uncertainty has drawn attention from Wall Street, the Treasury Department,
00:24and the White House as officials assess how many vacancies Trump could fill
00:28on the Board of Governors.
00:31Observers interviewed by CNBC said many expect Powell to leave when his chair term ends,
00:36though some said a short stay remains possible.
00:39Powell's decision could affect the balance of power on the board and the Fed's independence
00:43as Trump presses for lower interest rates.
00:45For all things money, visit Benzinga.com.
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